EBS to raise cash for new mortgage drive

EBS Building Society is preparing to raise money for new mortgage lending next year, in a move that will be welcomed by credit starved consumers.

23rd December, 2012

EBS Building Society is preparing to raise money for new mortgage lending next year, in a move that will be welcomed by credit starved consumers.

The lender, which is part now part of AIB, has set up a securities programme under which it is likely to raise hundreds of millions in new funding.

Details of the plan, which has been formally approved by the Central Bank, are contained in a 180-page prospectus, seen by *The...

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